News & Press

News, insight and analysis for the California construction industry.

FMI’s Second Quarter Outlook Sees Slowing Growth in 2019

FMI’s recently released “U.S. Construction Outlook: Second Quarter 2019 Report” forecasts total engineering and construction spending for the U.S. to end the year up 1 percent in 2019, compared to a gain of 4 percent in 2018.

That spending growth is expected to be led by public investment across both nonresidential buildings and nonresidential structures, according to FMI.

FMI predicts that the top-performing segments in 2019 include will include: conservation and development (+9 percent); transportation (+8 percent); water supply (+8 percent); public safety (+7 percent); office (+6 percent); and highway and street (+6 percent).